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Category: Accounting


Accounting, Department management

What is the De Minimis Safe Harbor?

March 21, 2023

Via: Small Business Trends

The minimis safe harbor election allows small businesses to deduct expenses that might otherwise need to be capitalized. Think of the amounts paid for things like computers. Under the safe harbor election, you might be able to deduct the entire […]


Accounting, Department management

What is a Business Audit?

March 16, 2023

Via: Small Business Trends

A small business audit doesn’t necessarily mean you’ll be dealing with the Internal Revenue Service. Small business owners can conduct internal audits on an annual basis. Either way, the audit process involves looking at accounting records and tax return numbers. […]


Accounting, Department management

7 Important Tax Tips for Small Businesses

March 9, 2023

Via: Small Biz Club

Starting a small business is no easy feat for owners, that’s why you have to be smart when it comes to finances if you want your company to grow. But when handling your employees or taking care of your products […]


Accounting, Department management

IRS Warns of Ongoing Fake W2 Form Scam

March 7, 2023

Via: Small Business Trends

The Internal Revenue Service (IRS) has issued a consumer alert warning taxpayers about new scams that involve claiming false tax credits by using wage information on tax returns. The scam artists suggest that people use tax software to manually fill […]


Accounting, Department management

5 Reasons You Should Choose the Right Legal Service Provider

March 6, 2023

Via: Home Business Magazine

Choosing the right legal service provider is one of the most important decisions for any individual or business in need of legal assistance. A reputable, experienced legal service provider, such as Monahan Law Firm, can make sure that your interests […]


Accounting, Department management

Tracking Tax Write-Off Carryovers

February 24, 2023

Via: Small Business Trends

John Sculley III, who was the president of PepsiCo, until he became the CEO of Apple Inc. for more than a decade, said “timing is everything.” He was probably referring to business moves, but the sentiment applies with equal force […]


Accounting, Department management

Best Accounting Software for Small Businesses in 2023

February 22, 2023

Via: Small Business Trends

Running a small business can be a daunting task, and having the right accounting software can make it much easier. Small business owners know the importance of choosing the right accounting software for their operations. That’s why we’ve compiled a […]


Accounting, Department management

Where to Get Free Tax Advice in 2023

February 15, 2023

Via: Small Business Trends

Taxes can be an overwhelming and daunting task, but understanding the available free tax advice in 2023 is an essential part of being financially responsible. With a number of sources providing free advice, it’s easy to find the help you […]


Accounting, Department management

6 Tips to Help Small Business Owners Manage Their Taxes Easily

February 15, 2023

Via: Home Business Magazine

Taxes can be a huge burden for small business owners. Managing taxes can be tricky and time-consuming, but any small business owner can make their taxes easier to work with the right strategies. Here are several tips from expert Troy […]


Accounting, Department management

LLC Taxes: Everything You Need to Know

February 14, 2023

Via: Small Business Trends

The process of managing LLC business taxes can be confusing and overwhelming, but with the right understanding of the laws and regulations, it’s not as complex as it seems. That’s why we created this comprehensive guide to help you understand […]


Accounting, Department management

7 Best Ways to Gain More Accounting Clients & Improve Your Bookkeeping Business

February 14, 2023

Via: Small Biz Club

Increasing clientele is critical for any accounting business whether big or small. After all, a larger client base equals more profit and the ability to create long-term connections with returning clients. However, there are several alternatives to attracting new accounting […]


Accounting, Department management

Estimated Tax Payments: What to Pay and When

February 13, 2023

Via: Small Business Trends

Estimated tax payments can be confusing, but they don’t have to be. Understanding the basics of estimated taxes and what you need to pay is key to making sure you stay in compliance with the IRS. Keeping up with estimated […]


Accounting, Department management

The Ultimate Guide to Online Sales Tax (2023)

February 9, 2023

Via: Small Business Trends

With the increased complexity of regulations, dedicating enough time to understanding online sales taxes can be challenging. Fortunately, we’ve compiled all of the necessary information into this ultimate guide so that you can have an easier time navigating the world […]


Accounting, Department management

Don’t Do Your Business Taxes Before Reading This

February 7, 2023

Via: Small Business Trends

So, you’ve started a small business. That’s great news! However, with tax season upon us, it’s time to discover how taxes will affect your new endeavor. If this sounds like you, you’ll want to check out this episode of SBT […]


Accounting, Department management

Your Guide to Business Tax Credits (2022 Tax Year)

February 6, 2023

Via: Small Business Trends

You may be eligible for valuable credits that can help reduce your overall liability and make running your business more affordable. This guide provides an overview of some of the most common business tax credits and what they could mean […]


Accounting, Department management

Settlement Reached in PPP Loan Fraud Case

February 6, 2023

Via: Small Business Trends

Three companies based in California will pay a total of $530,000 to settle allegations that they violated Paycheck Protection Program (PPP) rules. Settlement Reached in PPP Loan Fraud Case The allegations claim each company violated the False Claims Act when […]


Accounting, Department management

When is the 2023 Deadline for Taxes? Everything You Need to Know

February 2, 2023

Via: Small Business Trends

The deadline for taxes in the US is quickly approaching. With the 2023 tax season just around the corner, it’s important to understand when and how you need to file your returns. This article provides an overview of the key […]


Accounting, Department management

What is an EIN Number, and Does Your Small Business Need One?

February 1, 2023

Via: Small Business Trends

If you’re a small business owner, you’ve probably heard of an EIN number but may not know what it is or if your business even needs one. In this article, we will examine what is an EIN number and discuss […]


Accounting, Department management

The Standard Deduction 2022: Everything You Need to Know

January 27, 2023

Via: Small Business Trends

Knowing what you can deduct from your income and how that affects your taxes this year has never been more important. To help make understanding all of these different tax deductions easier for you, we’re here today with a complete […]


Accounting, Department management

How to File Taxes for the 2022 Tax Year

January 25, 2023

Via: Small Business Trends

It’s said that the longest journey starts with a single step. How to file taxes? Whether you’re going to file your own taxes, 0r use tax preparation services, your first step before you prepare and file a tax return is […]